hxxps://euro-sd.com/2024/06/major-news/38793/avon-protection-at-eurosatory/
More good news - new multi year contract with New Zealand navy and other product updates |
Looks like Schroders has increased their holding. |
DEUTSCHE BANK RESEARCH RAISES AVON PROTECTION TARGET TO 1470 (1200) P - 'HOLD' |
Glad that this is my largest holding. In the interim today they mention the word 'strong' and 'excellent' more than 20 times. CEO paragraph:"More broadly Iam very pleased that we now have a much stronger business that is delivering on major programs and is improving fast". This sounds to me like a prelude for "ahead of expectations " announcements coming in the next few months.I would imagine broker upgrades will follow in the next few days. GL to all. |
potential dear boy, potential. |
This looks hideously expensive- still loss making at a stat level and why the slowdown in growth in H2? Suspect takeover is the end game, can't see how those numbers support the current share price on a public exchange |
My second largest holding, that rns reads fine to me with improved guidance to cap it all |
Upbeat report - looking forward to the presentation |
Doing well today. Results tomorrow? |
Half year results 21st May |
AVON doesn't talk much but recently, when it does, the news is positive. I like that.
I wish some of ADVFN's boards were like that, LOL |
More positive momentum |
 9th May 2024
Avon Protection plc
("Avon")
Avon awarded UK Ministry of Defence General Service Respirator contract worth up to £38m
CBRN respirators for all branches of the UK's armed forces to be supplied from Avon's Melksham facility, boosting UK's sovereign CBRN protection capability.
We are pleased to announce that Avon Protection has won the tender for the continued supply of the General Service Respirator ("GSR") and associated in service support for the UK Ministry of Defence ("MoD").
Avon has been supplying the MoD with GSR masks since 2018 and this new contract award will enable Avon to continue to help protect the lives of people serving in the UK Armed Forces, sustaining the UK's domestic CBRN protection production capability.
The contract, over four years, with five further 12-month option periods is valued at up to £38 million.
Jos Sclater, Chief Executive Officer at Avon Protection plc, commented:
"We are very proud to have won this competitive tender with the UK MoD and to continue supporting the UK's objectives of providing the highest quality, most reliable and trusted protection equipment for the UK's service men and women.
As we have seen with the reported deployment of chemical agents in Ukraine and in other recent conflicts, the highest grade CBRN protection is critical to operational capability for warfighters in the evolving reality of near-peer, hybrid warfare.
This award is strategically important for Avon. It demonstrates our continued technological leadership in CBRN respiratory protection and provides a strong foundation for our UK business over the medium and long term. We look forward to continuing to provide the UK with a world-leading sovereign capability in CBRN protection from our facility in Melksham and developing new technologies which will provide unparalleled protection for those who defend our nation." |
Interesting |
EQMC increases stake to 16% |
Yep. "NATO will not expand one inch eastwards" - Secretary of State James Baker 1991. Expanded 1,000 miles instead, amidst endless provocation to further the MIC's forever war. US even weaponised the US$, so that hegemony looks done for too, as it
no longer deserves "reserve currency" status.
Shooting, foot, own? |
Reasonable? |
gp - more Toryfart Russophobia IMO.
Putin has been the most reasonable of players in this US-led proxy war.
___________________
The idea of a US bid was part of the reason I bought some AVON. |
Putin has deployed chemical weapons. We need gas masks now.
Article in today's Telegraph |
I already own 2 companies - SMDS and TYMN - currently subject to bids from the US. This one must be a possible too, given that a high proportion of its sales and production take place there. LSE seems to be in a bit of a death spiral with the Government uninterested and not inclined to do anything about it. |
Or perhaps that just some of the increases in defence spending worldwide will head their way |
Clear of £12 level nowThere will be rumours of it being acquired next |
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